Not sure what to invest in?

[Gundini]

A suggestion (not advice): education. Doesn't even have to be a formal qualification. Learning is never wasted.

Excellent suggestion Mofra! Thinking outside the square, I like that.

I couldn't think of a better place to start than this forum.

A wealth of diverse knowledge here.

 

[communique]

A suggestion (not advice): education. Doesn't even have to be a formal qualification. Learning is never wasted.

Good idea, there is a massive shortage of geriatric specialists. This is a growing industry and as long as your patients remember to go to you it would be a very successful career. I'm serious there is an extreme shortage. What other career short falls are there that one can be assured of a good paying job? Definitely not financial advisor.

 

[Julia]

No doubt geriatrics is a high demand area. However, let's not overlook the fact that to be a geriatrician would require the basic six years medical school then several further years of training in that specialty.

 

[kenny]

Gundini,

Do you think those responsible for the credit/deleveraging crisis will ever be punished or just get bailed out by those affected?


<Off topic rant - sorry>

Despite the trend towards an ageing population; there is probably a good reason why there is a shortage of geriatric specialists.

Why limit your practice to one select demographic of the market? Lots of other specialities are needed regardless of age.

Ever been to a nursing home or known someone on a pension? There are many elderly who are desperately unable to afford private geriatric care. If as a specialist; you intend purely to work in the public sector then you'll be working very hard for a lot less than someone able to do some private work. Kudos to them for their great contribution to the community but certainly the Public award rate doesn't reward them anywhere near enough.

regards,

Kenny

 

[Gundini]

Gundini,

Do you think those responsible for the credit/deleveraging crisis will ever be punished or just get bailed out by those affected?


regards,

Kenny

That depends... Who are those responsible?

Individual or Global Government policy? Democracy? Free markets, Capitalism?

Or should we just generalise and call it "The System"

I am not certain who I would charge with the irresponsibility.

As individuals, we tend to punish ourselves by not being financially prudent enough to realise that high leverage and high gearing only works when the value of your investments are trending upwards mid/long term.

Those who are truely responsible for this easy credit generally put a bandaid fix in place and leave it in the hands of future generations to figure out!

Just like a pyramid or ponzi scam... Someone has to eventually pay.

Will it be us? I'm thinking more likely our kids.

 

[joeyr46]

I agree and exited the market in January to this end.


Yes, many people are wrestling with this dilemma now given interest rates are predicted to fall below 4%.



There doesn't seem any sense to get back into shares for the high yield and franking credits only to have those returns significantly outweighed by loss of capital in a continually falling market.

So, back to the initial post in the thread, it's really difficult to know what to do. Personally, I'm hoping (without any conviction at all) that by the time the term deposits mature, some sort of confidence will have returned to the market.

Hardly likely as long as our esteemed leaders world wide flail about apparently without any real plan or idea of how to fix this mess.

What mess this is just a normal correction but of bigger degree than most of us are used to just need to look at the history books a little bit further back and judging by the bearish mood out there we should be just about due for a significant rally before we head back down to reality with P/E in the 2.5 to 6 range not silly 10 to 15 areas.